Peter Solmssen - American International Executive Vice President General Counsel

AIG Stock  MXN 1,272  30.00  2.42%   

President

Mr. Peter Y. Solmssen serves as Executive Vice President and General Counsel of the Company., effective October 18th, 2016 since 2016.
Age 61
Tenure 8 years
Phone212 770 7000
Webhttps://www.aig.com
Solmssen joined AIG as Executive Vice President and General Counsel in October 2016. From October 2007 to December 2013, Mr. Solmssen was General Counsel and Member of the Managing Board at Siemens AG where, in addition to his service as General Counsel, he was responsible for the company’s business in North and South America. From 1998 to 2007, Mr. Solmssen held a number of senior positions at General Electric Company, including Vice President and General Counsel of GE Plastics and Executive Vice President and General Counsel of GE Healthcare. Previously, he was a Partner at Morgan, Lewis & Bockius and Ballard, Spahr, Andrews & Ingersoll.

American International Management Efficiency

The company has return on total asset (ROA) of 0.0208 % which means that it generated a profit of $0.0208 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2849 %, meaning that it generated $0.2849 on every $100 dollars invested by stockholders. American International's management efficiency ratios could be used to measure how well American International manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 30.16 B in total debt with debt to equity ratio (D/E) of 0.53, which is about average as compared to similar companies. American International has a current ratio of 0.72, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist American International until it has trouble settling it off, either with new capital or with free cash flow. So, American International's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like American International sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for American to invest in growth at high rates of return. When we think about American International's use of debt, we should always consider it together with cash and equity.

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American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. American International Group, Inc. was founded in 1919 and is based in New York, New York. AMERICAN INTERNATIONAL operates under InsuranceDiversified classification in Mexico and is traded on Mexico Stock Exchange. It employs 45000 people. American International Group (AIG) is traded on Mexican Exchange in Mexico and employs 36,600 people.

Management Performance

American International Leadership Team

Elected by the shareholders, the American International's board of directors comprises two types of representatives: American International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of American. The board's role is to monitor American International's management team and ensure that shareholders' interests are well served. American International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, American International's outside directors are responsible for providing unbiased perspectives on the board's policies.
Alessa Quane, Chief Risk Officer, Chief Corporate Actuary
Gaurav Garg, CEO - Personal Insurance
Peter Zaffino, Executive Vice President, Chief Executive Officer - General Insurance and Global Chief Operating Officer
Robert Miller, Non-Executive Chairman of the Board
Elaine Rocha, Global Officer
Thomas Russo, EVP - Legal, Compliance, Regulatory Affairs and Government Affairs, General Counsel
Annabelle Bexiga, Commercial Insurance Business Information Officer
Seraina Macia, Executive Vice President
Seraina Maag, CEO of Regional Management & Operations
Jonathan Wismer, Senior Vice President Deputy CFO and Chief Accounting Officer
Lucy Fato, Executive Vice President and General Counsel and Interim Head of Human Resources
Thomas Motamed, Independent Director
Jeffrey Hurd, Executive Vice President - Human Resources and Communications
Lance Ewing, Executive Vice President - Global Risk Management and Client Services
Donnalee Demaio, Executive Vice President Chief Auditor
Kathleen Carbone, VP Officer
Brian Duperreault, President, Chief Executive Officer, Director
Douglas Steenland, Independent Chairman of the Board
Shane Fitzsimons, Ex CFO
Alessandrea Quane, Executive Vice President, Chief Risk Officer
George Miles, Independent Director
Robert Schimek, Executive Vice President—Commercial
Naohiro Mouri, Executive Vice President Chief Auditor
Thomas Leonardi, Executive Vice President - Government Affairs, Public Policy and Communications
Ronald Rittenmeyer, Independent Director
Mark Lyons, Senior Vice President and Chief Actuary, General Insurance
Murli Buluswar, Chief Science Officer
Madhu Tadikonda, Commercial Chief Underwriting Officer
Siddhartha Sankaran, Executive Vice President Chief Risk Officer
David McElroy, Exec Insurance
Luciana Esq, Gen VP
Elizabeth Werner, IR Contact Officer
Christopher Lynch, Independent Director
Peter Hancock, CEO and President and Director
Samuel Merksamer, Independent Director
Peter Fisher, Independent Director
Wyllie Cornwell, Independent Director
Kevin Hogan, Executive Vice President, Chief Executive Officer - Life & Retirement
Suzanne Johnson, Independent Director
Douglas Dachille, Executive Vice President, Chief Investment Officer
Henry Miller, Independent Director
Linda Mills, Independent Director
Caroline Krass, Senior Vice President and General Counsel, General Insurance, and Deputy General Counsel
Betsy Palmer, Senior Vice President and Chief Marketing Strategy, Communications and Industry Leadership Officer, AIG Life and Retirement
Peter Solmssen, Executive Vice President General Counsel
Theresa Stone, Director
Philip Fasano, Executive Vice President CIO
Claude Wade, Global VP
John Repko, Executive Vice President, Chief Information Officer
Martha Gallo, Executive Vice President and Head of Internal Audit
Elias Habayeb, Principal Accounting Officer, Deputy CFO, Sr. VP and Group Controller
Quentin McMillan, MD VP
Don Cornwell, Independent Director
Tom Bolt, Chief Underwriting Officer, General Insurance
William Jurgensen, Independent Director
John Fitzpatrick, Independent Director

American Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is American International a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards American International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, American International's short interest history, or implied volatility extrapolated from American International options trading.

Pair Trading with American International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American International will appreciate offsetting losses from the drop in the long position's value.

Moving together with American Stock

  0.86JPM JPMorgan ChasePairCorr
  0.79C CitigroupPairCorr

Moving against American Stock

  0.72HBCN HSBC Holdings plcPairCorr
The ability to find closely correlated positions to American International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American International Group to buy it.
The correlation of American International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether American International is a strong investment it is important to analyze American International's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact American International's future performance. For an informed investment choice regarding American Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American International Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the American International information on this page should be used as a complementary analysis to other American International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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When running American International's price analysis, check to measure American International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American International is operating at the current time. Most of American International's value examination focuses on studying past and present price action to predict the probability of American International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American International's price. Additionally, you may evaluate how the addition of American International to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between American International's value and its price as these two are different measures arrived at by different means. Investors typically determine if American International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.